Piper Jaffray Reiterates Overweight Ratings on MCO and MHP

Piper Jaffray has published an industry overview reiterating its Overweight ratings on Moody's Corporation MCO and The McGraw-Hill Companies Inc. MHP. In the report it states, “Sept new issue debt volumes remained soft, as expected, rounding off a 3Q that posted modestly positive issuance growth year-over-year. Global macro concerns, including the uncertain European sovereign debt situation, will likely cause continuing volatility in issuance volumes over the coming months.” Yesterday MCO closed at $30.30 and MHP closed at $40.88